百大连锁店 – Rank no. 33 – 新移民致富之路

百大连锁店 – Rank no. 33 – 新移民致富之路


Top 250 Franchise by Entrepreneur – Rank no. 33 – GNC Franchising – US

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Products & Services: Vitamin & nutrition store

Number of Locations: 6,146

Total Investment: $167.64K – 281.35K

Founded: 1935

Began Franchising: 1988

About GNC Franchising

In 1935, David Shakarian started a health-food store in Pittsburgh called Lackzoom. It specialized in yogurt (which his father had helped introduce to the U.S.), but also carried health-food products such as honey and grains. Beginning with $35 in receipts his first day, Shakarian expanded to six Pittsburgh-area stores in five years.

As more people became interested in natural foods and better nutrition, Shakarian opened stores in other states and changed the company’s name to General Nutrition Centers (GNC). GNC also began producing its own vitamin and mineral supplements, foods, drinks and cosmetics. They started franchising in 1988. With company and franchised stores throughout the U.S. and worldwide, GNC now focuses on vitamins and nutritional supplements.

Franchise Units

YEAR U.S. CANADIAN INTERNATIONAL COMPANY OWNED
2013 973 0 1,903 3,270
2012 933 0 1,651 3,114
2011 912 2 1,495 2,959
2010 892 2 1,389 2,832
2009 936 2 1,224 2,625
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $167,650 – $281,350
Franchise Fee: $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS

Net Worth: $150,000 – $200,000
Liquid Cash Available: $85,000 – $100,000

OPERATIONS

39% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 – 4. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

FINANCING TYPE IN-HOUSE THIRD PARTY
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee’s location: 1 week. At corporate store : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #33 (2013), #33 (2012), #40 (2011), #68 (2010), #23 (2009),
Fastest-Growing: #97 (2012),
America’s Top Global: #15 (2013), #30 (2012), #37 (2011), #58 (2010), #22 (2009),
General Nutrition Corporation
GNC
Type Public
Traded as NYSEGNC
Industry Retail
Founded 1935
Registered: 9/1/1936
Founder(s) David Shakarian
Headquarters Pittsburgh, PennsylvaniaU.S.
Number of locations 7,334 (March 2011)[1]
Key people Joseph Fortunato, CEO
Products Nutritional supplements
Revenue Increase$2.07 billion (2011)
Owner(s) Ontario Teachers’ Pension Plan,Ares Management
Employees 13,800
Website www.gnc.com

General Nutrition Corporation (GNC) is a Pittsburgh, Pennsylvania-based American commercial enterprise focused on the retail sale of health and nutrition related products, including vitaminssupplements, minerals, herbs, sports nutrition, diet, and energy products.

History[edit]

In 1935, David Shakarian opened a small health food store, Lackzoom, in downtown Pittsburgh. He only made USD $35 on his first day, but was able to open a second store within six months. A year later, Shakarian suffered from what appeared to be a fatal blow when the Ohio River flooded on St. Patrick’s Day. Both of his stores were wiped out. However, he quickly rebuilt both stores, and opened five more by 1941. The company officially registered as a corporation on September 1, 1936 [1] Shakarian moved into the mail order business during WWII. He said that customers sent him a check and asked him to mail their product as they could not drive to his store due to the gas rationing which happened during WWII. He created a company called Natural Sales which was his mail order division. Natural Sales company flourished for many years until it was sold to Natures Bounty (NBTY).

During the health food craze of the 1960s, Shakarian expanded his chain outside Pittsburgh for the first time, and in the process changed its name to General Nutrition Center. He continued to run the chain until his death in 1984. Shakarian took GNC public (listed on the NYSE)in the 1980’s. Overexpansion and his death in 1984 resulted in a highly leveraged GNC. The Shakarian family decided to sell GNC shortly after his death. The family brought in a “turn around" executive, Jerry Horn, with instructions to “stop thee bleeding" and position GNC to be sold. GNC was taken private and sold to The Thomas Lee Company, a PE investment/management fund. Thomas Lee ran GNC and took it public prior to selling the company to Royal Dutch Numico and p Numico acquired GNC in 1999; it sold GNC to Apollo Management in 2003. Ontario Teachers’ Pension Plan and Ares Managementbought GNC in 2007. GNC went public in 2011.

Retail stores[edit]

GNC store, Ypsilanti Twp., MI

GNC zinc 50 mg tablets (AU

GNC stores typically stock a wide range of weight lossbodybuildingnutritional supplementsvitamins, natural remedies, and health and beauty products, in both its owned brands as well as third-party brands. The stores also sell health and fitness books and magazines.

GNC has over 6,000 stores in the U.S., including 1,100 store-within-a-store locations within Rite Aid, as well as locations in 49 other countries.In addition, GNC LiveWell currently has 41 Stores located in Brisbane, Sydney, and Melbourne in Australia.

Business model[edit]

GNC retail stores are both a combination of corporate-owned and franchised stores; 950 of the 5,000 domestic US stores are franchises, commonly located within urban shopping malls and shopping zones. In addition to the GNC.com website, GNC’s products are sold on drugstore.com.

Reception[edit]

Awards & recognition[edit]

Six formulas of GNC-branded multivitamins were tested by ConsumerLab.com in its Multivitamin and Multimineral Supplements Review of 38 of the leading multivitamin/multimineral products sold in the U.S. and Canada. All six formulas passed ConsumerLab’s test,[2] which included testing of selected index elements, their ability to disintegrate in solution per United States Pharmacopeia guidelines, lead contamination threshold set in California Proposition 65, and meeting U.S. Food and Drug Administration (FDA) labeling requirements.[3]

Lawsuits[edit]

In 1998, GNC was accused of purposely running its franchisees out of business in order to “retake" the stores into corporate control.[4] An April 30, 2003 article states that the GNC corporate company was sued by numerous franchise owners.[5] The complaint is that the parent company was allowing their corporate owned stores to sell products for less than the franchise stores are allowed to sell them for. The suit also claimed that GNC charged high “reset fees" to franchisees when there is new signage that needs to be changed in the store or an image facelift that must be done by GNC corporate. A similar lawsuit was filed again in an article written on October 20, 2004.